Pelican Valley Nigeria Limited has expanded its investment outreach to Canada as part of efforts to attract diaspora investors to Nigeria.
Speaking at Pearson International Airport, Toronto, the Chief Executive Officer (CEO) of Pelican Valley, Ambassador (Dr) Babatunde Adeyemo, shared that the firm is set to present its innovative real estate products at the Solteque “Canada Trade Mission 2024.”
The event, which will run from September 30 to October 4, 2024, provides an opportunity for diaspora investors to explore Nigeria’s real estate market and learn how to avoid pitfalls in the sector.
Adeyemo emphasized the importance of foreign investments, especially in housing and non-oil sectors, to strengthen Nigeria’s economy and provide retirement plans for diaspora Nigerians.
“The goal is to encourage more Nigerians in the diaspora, alongside the government, to engage in purpose-driven remittances through foreign and non-oil investments,” Adeyemo said.
He added that this strategy could help create jobs, bridge Nigeria’s housing deficit, and improve the nation’s foreign exchange.
Adeyemo’s participation follows the success of a similar event held in the United Kingdom last year, the Avenue Impact Winter Ball, where he highlighted the opportunities and challenges in Nigeria’s real estate landscape.
“I have no doubt that Nigerians in Canada will follow the example of their London counterparts after receiving the in-depth real estate digest we are bringing,” he noted.
During his visit, Adeyemo was welcomed by Mr. Akin Oduntan, a Canadian Parliamentary aide, and High Chief Olawale Olaleye, Chairman/CEO of Solteque Incorporation, Canada.
The Canada Trade Mission 2024 aims to showcase a blend of Nigerian cultural heritage and business opportunities, including local fabrics, artisan products, food, and real estate ventures.
Oduntan expressed enthusiasm for the initiative, describing it as a chance for diaspora Nigerians to reconnect with their roots while exploring investment opportunities.
“Participants will immerse themselves in the vibrant tapestry of Nigerian culture while discovering how they can contribute to and benefit from Nigeria’s economic resurgence,” Oduntan said.
He added, “Pelican Valley will present real estate investment opportunities, giving Nigerians in the diaspora a chance to invest in their homeland and secure their financial future.”
The trade mission serves as a platform for fostering collaboration between Nigeria and Canada, particularly in the realm of real estate. Oduntan highlighted that Pelican Valley’s team would provide valuable guidance on the growing real estate market, pointing out opportunities for property investments with high returns.
Chief Olawale Olaleye, convener of the event, echoed these sentiments, stating that the initiative would unlock significant economic opportunities for Nigeria’s South-West region.
“This platform will showcase the region’s rich cultural heritage, attracting Canadian investors eager to explore Nigeria’s potential,” he said.
He further noted that traditional fabrics and indigenous cuisine will be exhibited, creating new opportunities for artisans, local businesses, and food exporters.
As Nigeria aims to attract more foreign investment, the Canada Trade Mission offers a vital chance for collaboration on housing and infrastructure development.
“We hope the discussions lead to transformative urban projects in South-West Nigeria, providing Canadian investors with lucrative opportunities while enhancing living conditions back home,” Chief Olaleye concluded.
